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Barings BDC
BBDC

95 hedge funds and large institutions have $304M invested in Barings BDC in 2018 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 29 increasing their positions, 36 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

112% more call options, than puts

Call options by funds: $805K | Put options by funds: $380K

16% more capital invested

Capital invested by funds: $261M → $304M (+$42.7M)

11.89% more ownership

Funds ownership: 47.33% → 59.21% (+12%)

0% more funds holding

Funds holding: 95 → 95 (0)

0% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 19

19% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 36

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
95
Holders Change
–
Holders Change %
0%
% of All Funds
2.17%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
19
Increased
29
Reduced
36
Closed
19
Calls
$805K
Puts
$380K
Net Calls
+$425K
Net Calls Change
-$233K

Top Buyers

Rank Fund Capital Flow
1
B
Barings
North Carolina
+$97.2M
2
Brown Advisory
Brown Advisory
Maryland
+$9.09M
3
RVPG
Relative Value Partners Group
+$7.83M
4
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
+$6.93M
5
PAIM
Punch & Associates Investment Management
Minnesota
+$5.47M

Top Sellers

Rank Fund Capital Flow
1
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$18.1M
2
Citadel Advisors
Citadel Advisors
Florida
-$10.3M
3
PFMOSF
Philadelphia Financial Management of San Francisco
California
-$7.74M
4
Deutsche Bank
Deutsche Bank
Germany
-$5.06M
5
MC
Muzinich & Co
New York
-$3.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wolverine Trading
101
Wolverine Trading
Illinois
– -$274K -24,626 Closed
NCM
102
Novare Capital Management
North Carolina
– -$248K -21,550 Closed
NFA
103
Nuveen Fund Advisors
Illinois
– -$224K -19,458 Closed
SC
104
Saybrook Capital
North Carolina
– -$186K -16,200 Closed
VF
105
Virtu Financial
New York
– -$163K -14,158 Closed
Point72 Asset Management
106
Point72 Asset Management
Connecticut
– -$127K -11,053 Closed
SEI Investments
107
SEI Investments
Pennsylvania
– -$72K -6,250 Closed
HNB
108
Huntington National Bank
Ohio
– -$39.6K -3,608 -100%
SIC
109
Salem Investment Counselors
North Carolina
– -$23K -2,000 Closed
Manulife (Manufacturers Life Insurance)
110
Manulife (Manufacturers Life Insurance)
Ontario, Canada
– -$17K -1,512 Closed
Northwestern Mutual Wealth Management
111
Northwestern Mutual Wealth Management
Wisconsin
– -$7K -574 Closed
CIBC Private Wealth Group
112
CIBC Private Wealth Group
Georgia
– -$2K -150 Closed
Fidelity Investments
113
Fidelity Investments
Massachusetts
– +$88 +8 New
1 2 3 4
5

BBDC Hedge Fund Activity: Q3 2018 in Review

95 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Barings BDC (BBDC) for Q3 2018, worth a combined $304M — up 16% from $261M a quarter earlier.

Fund positioning in BBDC was balanced in Q3 2018: 19 funds opened new positions, 19 closed out, 29 added to existing stakes and 36 trimmed.

The largest buyer was Barings, opening a new position worth an estimated $97.2M. The largest seller was State of New Jersey Common Pension Fund D, cutting an estimated $18.1M.

  • 95 institutional investors held Barings BDC (BBDC) as of Q3 2018, unchanged from Q2 2018.
  • Funds reported $304M of Barings BDC stock for Q3 2018, up 16% quarter-over-quarter.
  • 19 funds opened new Barings BDC positions in Q3 2018 and 19 closed out, a net change of 0 holders.
  • The largest Barings BDC buyer in Q3 2018 was Barings, an estimated $97.2M added.
  • The largest Barings BDC seller in Q3 2018 was State of New Jersey Common Pension Fund D, an estimated $18.1M sold.

Based on aggregated 13F filings for Q3 2018.